Archrock Inc (AROC) Holdings Raised by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC boosted its position in Archrock Inc (NYSE:AROC) by 371.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,920 shares of the energy company’s stock after acquiring an additional 8,606 shares during the period. Outlook Wealth Advisors LLC’s holdings in Archrock were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AROC. Advisor Group Inc. increased its stake in Archrock by 70.1% during the 4th quarter. Advisor Group Inc. now owns 3,782 shares of the energy company’s stock valued at $28,000 after purchasing an additional 1,558 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Archrock during the first quarter valued at $31,000. Oregon Public Employees Retirement Fund purchased a new stake in Archrock during the fourth quarter valued at $49,000. Signition LP purchased a new stake in Archrock during the fourth quarter valued at $76,000. Finally, LS Investment Advisors LLC raised its stake in Archrock by 234.3% during the fourth quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock valued at $97,000 after purchasing an additional 9,053 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE AROC opened at $9.63 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.95 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $1.28 billion, a PE ratio of 20.06 and a beta of 2.86. Archrock Inc has a 12 month low of $7.26 and a 12 month high of $13.75.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, April 29th. The energy company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $236.16 million for the quarter, compared to analysts’ expectations of $239.45 million. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. As a group, equities research analysts anticipate that Archrock Inc will post 0.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be issued a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Tuesday, May 7th. Archrock’s payout ratio is presently 110.42%.

A number of research analysts have weighed in on AROC shares. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, January 23rd. B. Riley reiterated a “buy” rating on shares of Archrock in a research report on Friday, February 22nd. Finally, ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Archrock has an average rating of “Hold” and an average target price of $14.50.

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Archrock Profile

Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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